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The Latest Breaking News from IRS

New SALT Cap Deduction: Unlock Massive Tax Savings with Non-Grantor Trusts

The One Big Beautiful Bill Act's increase of the state and local tax (SALT) deduction cap creates an opportunity to use multiple non-grantor trusts to maximize deductions and enhance estate planning.

Kiplinger

23 Of The Most Entertaining ‘It Doesn’t Work Like That’ Stories, Told By Professionals In This Online Community

Members of this online group share 42 common myths they have to explain to people who aren't in the same professional field.

Bored Panda

Leaked Blueprint Reveals ICE Plan To Use IRS Data To Increase Detentions

ICE wants to access confidential IRS data to locate tax-paying undocumented immigrants and boost detention numbers.

Reason

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read the most diverse news in one place.

Grant Cardone Reveals the Only Time You Should Buy a Car — and When To Lease

If you're in the market for a new car, you may be deciding if buying or leasing is your best option. Grant Cardone has one hard-and-fast rule he follows.

GOBankingRates

IRS Engineers Build Secret Tool So ICE Can Bypass Legal Review And Pull Real-Time Immigrant Address Data: Report

The Internal Revenue Service is quietly building a computer program that would let Immigration and Customs Enforcement pull taxpayer information on demand, giving deportation officers real‑time addresses and phone numbers for people with final removal orders, according to an internal blueprint reviewed by ProPublica.

Benzinga

10 Celebrities Who Had to Fight to Make a Comeback After a Major Flop

A blockbuster career can come crashing down in a single flop. Whether the project bombs at the box office or blows through the budget, celebrities often lose more than their pride—they lose their paychecks, their rep, and sometimes their life savings. This isn’t gossip; it’s a harsh reality of showbiz…

Plunged in Debt

10 Ways to Lose Your Inheritance Without Breaking a Law

Most people assume that once a loved one leaves them an inheritance, it’s locked in. But the truth is, you can legally lose your inheritance in several ways, without breaking a single law. From poor planning to bad financial habits, a windfall can disappear faster than you’d expect. Understanding how…

Clever Dude

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8 Church Fundraisers That Quietly Violate Tax Law

Churches play a vital role in communities, offering spiritual guidance, support networks, and often crucial social services. To sustain their operations and missions, many churches...

Saving Advice

10 Legal Loopholes That Cost Heirs Thousands

When someone passes away, their loved ones expect to inherit what’s left behind. But the reality is often more complicated. Legal loopholes can eat away at inheritances, leaving heirs with far less than they expected. These loopholes aren’t always obvious. Sometimes, they’re buried in the fine print or hidden in…

Clever Dude

Parents Prepare: Trump's Megabill Brings Three Crucial Tax Changes

Are you a parent? The so-called ‘One Big Beautiful Bill’ (OBBB) impacts several key tax incentives that can affect your family this year and beyond.

Kiplinger

9 Times “Free” Offers Ended Up Costing Seniors Everything

There’s a powerful pull behind the word “free.” It feels like a gift, a reward, or a lucky break, especially for seniors trying to stretch...

Saving Advice

10 Financial Promises That Are Actually Legal Risks

Money advice is everywhere. You see it on social media, hear it from friends, and read it in emails. Some of it sounds great—easy fixes, quick wins, or “guaranteed” results. But not every financial promise is safe. In fact, some can land you in legal trouble. If you’re not careful,…

Clever Dude

7 Common Tax Planning Mistakes To Fix Before 2026, According to a CFP

If you're making one of these seven common tax planning mistakes -- and many people are -- you could face higher tax bills or missed opportunities come 2026.

GOBankingRates

7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth

Many wealthy people are super skilled at using all the tax loopholes available to them to minimize their taxes and maximize their wealth.

GOBankingRates

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The Free Financial Advisor

Tax Advice That No Longer Applies in 2025

Tax rules change all the time. What worked last year might not work this year. If you’re still following old tax advice, you could be missing out or even making mistakes. The tax code for 2025 looks different from what you might remember. Some tips that used to save you…

Guitar World

“One of Eric Clapton’s guitars went for half a million dollars. I was, as I often am, in trouble with the IRS. I thought, ‘This is probably the time’”: Todd Rundgren’s love affair with Clapton’s Fool SG, and how he moved on after selling it

He rescued it from peeling-paint hell, restored it after the headstock snapped off, but was never fully happy with the psychedelic Gibson. Then a fan offered a happily-ever-after solution

GOBankingRates

3 Things To Do if You Got an IRS Warning Letter About Your Crypto Activity

If you're a cryptocurrency investor, you might soon hear from Uncle Sam in the form of an IRS letter detailing your tax obligations. Read Next: 13 Cheap Cryptocurrencies With the Highest Potential...

The Conversation

IRS says churches may endorse political candidates despite a decades-old federal statute barring them from doing that

Churches and other houses of worship can endorse political candidates without risking the loss of their tax-exempt status, the Internal Revenue Service said in a legal document the tax-collection agency filed on July 7, 2025. This guidance is at odds with a law Congress passed more than 70 years ago…

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InsideEVs

The EV Tax Credit Is Going Away. Here’s What You Need To Know

Which EVs qualify for the federal tax credit? When is the program ending? All your burning questions, answered.

Kiplinger

Three Estate Planning Documents a Business Owner Can't Afford to Skip

A business owner's estate plan should protect the company and its employees as well as the entrepreneur's heirs. These three documents are critical.

Budget and the Bees

10 People Who Can Legally Access Your Bank Accounts Without Your Consent

The idea of a private, impenetrable bank account is comforting. However, this is ultimately a false assumption. The reality of who can access your money is far more complex. A surprising number of people and entities can legally access your funds, often without your direct permission. These situations aren’t based…

Clever Dude

10 Tax Write-Offs People Are Still Claiming Illegally

Tax season can be stressful, and everyone wants to save money wherever possible. But some people cross the line by claiming tax write-offs that aren’t allowed. The IRS is cracking down on these illegal deductions, and getting caught can result in significant fines or even criminal charges. Knowing which write-offs…

Barchart

‘The Most Patriotic Thing You Can Do Is Not Pay the IRS’ Says Grant Cardone as OBBBA Signed into Law — Here’s How Much You’ll Save

Grant Cardone’s outspoken criticism of the IRS reflects his long-standing advocacy for personal wealth, limited government, and financial independence.

We Got This Covered

Religious leaders can pressure their congregations to support political candidates thanks to this IRS decision

The IRS just gave in.

Budget and the Bees

7 Inheritance Clauses That Now Trigger Federal Review

Estate planning has grown more complex. Now, federal agencies pay closer attention to wealth transfers. Certain clauses in a will or trust can raise red flags. This may prompt scrutiny from the IRS or the Treasury Department. The government aims to prevent tax evasion and other illegal transfers. Let’s look…

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